Tawazun Economic Council announced the launch of the Defense and Security Development Fund with a capital of AED 2.5 billion (equivalent of USD 680 million). The Fund contributes to the enablement of the defense and security sector and its contribution to economic development in the United Arab Emirates (UAE).
A ceremony hosted by Eric Trappier, Dassault Aviation Chairman and Chief Executive Officer, was held in Merignac facility Wednesday for the delivery of the first Rafale to the Qatari Emiri Air Force, under the patronage of His Excellency Dr Khalid bin Mohamed Al Attiyah,
The Kingdom of Saudi Arabia, represented by the King Abdul-Aziz City for Science and Technology (KACST), announced that the first Saudi satellite for communications (SGS-1) has been launched successfully from the Guiana Space Centre on an Ariane 5 rocket, the Saudi Press Agency (SPA) reported.
The U.S. State Department has made a determination approving a possible Foreign Military Sale to Morocco of enhancements to one hundred sixty-two (162) Abrams tanks for an estimated cost of $1.259 billion.
The U.S. State Department has made a determination approving a possible Foreign Military Sale to Egypt of ten (10) AH-64E Apache Attack Helicopters for an estimated cost of $1.0 billion.
The U.S. government awarded Lockheed Martin an Undefinitized Contract Action (UCA) award for the production of the Multi-Mission Surface Combatant for the Kingdom of Saudi Arabia (KSA).
On 12 July, the Kingdom of Saudi Arabia has signed a contract for the construction of five corvettes, an operation that amounts to 1,800 million Euros and represents the largest in the history of Spanish public shipyards with a foreign client.
Following the signing of an agreement with the U.S. Government in late 2017, the Kingdom of Bahrain has officially become the first nation to procure the F-16 Block 70.